Tilray Inc Stock Market Value
| TLRY Stock | USD 1.31 0.02 1.55% |
| Symbol | Tilray |
Tilray Inc Price To Book Ratio
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tilray. If investors know Tilray will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tilray listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Revenue Per Share 1.03 | Quarterly Revenue Growth 0.131 | Return On Assets (0.01) | Return On Equity (0.06) |
The market value of Tilray Inc is measured differently than its book value, which is the value of Tilray that is recorded on the company's balance sheet. Investors also form their own opinion of Tilray's value that differs from its market value or its book value, called intrinsic value, which is Tilray's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tilray's market value can be influenced by many factors that don't directly affect Tilray's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tilray's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tilray is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tilray's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tilray 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tilray's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tilray.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Tilray on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Tilray Inc or generate 0.0% return on investment in Tilray over 30 days. Tilray is related to or competes with Canopy Growth, Cronos, SNDL, Aurora Cannabis, OrganiGram Holdings, and Curaleaf Holdings. Tilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis pr... More
Tilray Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tilray's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tilray Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 21.22 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.94 |
Tilray Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tilray's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tilray's standard deviation. In reality, there are many statistical measures that can use Tilray historical prices to predict the future Tilray's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | 1.14 |
Tilray Inc Backtested Returns
Tilray Inc owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Tilray Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tilray's Variance of 9.63, risk adjusted performance of (0.12), and Coefficient Of Variation of (613.96) to confirm the risk estimate we provide. The entity has a beta of -0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tilray are expected to decrease at a much lower rate. During the bear market, Tilray is likely to outperform the market. At this point, Tilray Inc has a negative expected return of -0.5%. Please make sure to validate Tilray's rate of daily change, market facilitation index, as well as the relationship between the kurtosis and maximum drawdown , to decide if Tilray Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Tilray Inc has weak predictability. Overlapping area represents the amount of predictability between Tilray time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tilray Inc price movement. The serial correlation of 0.21 indicates that over 21.0% of current Tilray price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tilray Inc lagged returns against current returns
Autocorrelation, which is Tilray stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tilray's stock expected returns. We can calculate the autocorrelation of Tilray returns to help us make a trade decision. For example, suppose you find that Tilray has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tilray regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tilray stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tilray stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tilray stock over time.
Current vs Lagged Prices |
| Timeline |
Tilray Lagged Returns
When evaluating Tilray's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tilray stock have on its future price. Tilray autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tilray autocorrelation shows the relationship between Tilray stock current value and its past values and can show if there is a momentum factor associated with investing in Tilray Inc.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Tilray Stock Analysis
When running Tilray's price analysis, check to measure Tilray's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tilray is operating at the current time. Most of Tilray's value examination focuses on studying past and present price action to predict the probability of Tilray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tilray's price. Additionally, you may evaluate how the addition of Tilray to your portfolios can decrease your overall portfolio volatility.